ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) and ASTERRA, an Israel-based satellite technology company, have announced a teaming agreement to identify lithium-specific targets.
ACME Lithium will be the first company in the US to utilize ASTERRA's Synthetic Aperture Radar (SAR) data analytics, patented algorithms and artificial intelligence to identify such targets, the company said.
Earlier this month, ACME announced a geological field review and sampling program at Fish Lake Valley that utilized ASTERRA's satellite-based technology. It resulted in the company’s highest surface lithium values to date, with up to 1,325 parts per million (ppm) of lithium.
READ: ACME Lithium samples high surface lithium values at Fish Lake Valley in Nevada
"This collaboration and initial case study with technology leader ASTERRA confirms historical and new lithium occurrences on the property and that certain areas are enriched in lithium,” ACME Lithium CEO Steve Hanson said in a statement.
The use of ASTERRA's technology produced approximately double the likely locations of lithium above 100 ppm over traditional methods of geochemistry exploration. These values were located at coordinates pinpointed by ASTERRA's satellite technology, with the results confirmed by an independent lab.
The companies are currently evaluating a second project utilizing this technology.
"The use of ASTERRA technology in collaboration with ACME Lithium drives an unprecedented efficiency in the high-cost activity of identifying lithium showings and potential deposits," ASTERRA CEO Elly Perets said.
ASTERRA's complex artificial intelligence and machine learning algorithms extract the signal of lithium concentration underground from satellite-based PolSAR data and can potentially pinpoint locations containing various grades of lithium, the company said. This technology could give ACME a way to find targeted locations of lithium while potentially reducing exploration time and costs.
ACME Lithium is focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
Follow him on Twitter @andrew_kessel